*Financial Metrics* – 5.00% in-place Cap Rate with potential to reach 6.54% post-ADU conversion and 17% average annual return. *Property Features* – 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* – 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* – Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* – New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* – Very walkable neighborhood with a 72 Walk Score–most errands can be done on foot.
Property Details
Price:
$2,500,000
MLS #:
25566573
Status:
Active
Baths:
0
Address:
13226 Vanowen Street
Type:
Residential Income
Neighborhood:
vgvalleyglen
City:
North Hollywood
Listed Date:
Jul 17, 2025
State:
CA
ZIP:
91605
Lot Size:
8,916 sqft / 0.20 acres (approx)
Year Built:
1953
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Garage – Two Door, Covered
Parking Spots
8.00
Financial
Map
Community
- Address13226 Vanowen Street North Hollywood CA
- AreaVG – Valley Glen
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91605
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13226 Vanowen Street
North Hollywood, CA
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